Property Details for 5061 Lots 1-8 Rd

Lot size

6.03 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity encompasses 6.03 acres of commercially zoned land in Bloomfield, New Mexico, subdivided into eight individual lots, each approximately 0.75 acres. Each lot is equipped with readily available utilities including natural gas, water, electricity, and septic hookups. Three lots boast newer leach fields, enhancing their immediate usability. Currently, each lot is occupied and generates a monthly rental income of $250, with existing leases extending for the next six months. It's important to note that the manufactured homes situated on the lots are tenant-owned and will not be included in the sale. This property presents itself as a lucrative mobile home park, generating immediate cash flow, or a prime location for developing a new subdivision of site-built homes, offering significant long-term potential. The property is priced at $500,000, and the seller is open to considering owner financing options, making this an attractive proposition for various investment strategies. This presents a rare opportunity to acquire a substantial land holding with existing income and significant upside potential in a growing New Mexico market. The property's location in Bloomfield offers convenient access to local amenities and transportation routes. The existing infrastructure and established rental income stream make this an ideal investment for both seasoned and emerging investors seeking a strong return on investment.

Location Insight

City

Bloomfield

County

San Juan

State

New Mexico

Longitude

-107.994

Latitude

36.6882